China Implements Price Controls On Coal Mining Companies Sending BRIC Stocks Lower

Financial Market Report for April 27, 2011

1) …  ETFs falling lower today
Chian, YAO
China Small Caps HAO
China Minerals, CHIM
China Financials, CHIX
China Energy, CHIE
China Tech, CQQQ
China Real Estate TAO
Shanghai CAF
India INDY
Emerging Markets EEM
Brics EEB
Brazil EWZ
Russia RSX
Turkey TUR
Coal KOL
Small Cap Energy PSCE

2) … Commodities falling lower today included
DBB, JJA, CUT, USCI, DJP, JJC

3) …  Stocks of interest
Real Estate: Industrial REIT: First Industrial Realty Trust, FR

The Morgan Stanley Cyclical Index: Basic Material Component: Freeport McMoRan Copper & Gold, FCX

Annaly Capital Management, NLY

Yanzouh Coal Mining, YZC,

Chart of World Stocks, ACWI, VT, appears topped out

Junk Bond, JNK,

The chart of Seigniorage, World Stocks relative to World Government Bonds, VT:BWX, communicates the exhaustion of quantitative easing and the failure of seigniorage of the world’s central banks.

4) News and Editorials courtesy of Between The Hedges.

Wall Street Journal Medicare As We’ve Known It Isn’t An Option. Paul Ryan’s premium support plan is preferable to Obama’s rationing panel. My opinion is that a global financial collapse will require appointment of medical oversight payment czars for both Medicaid and Medicare.

Economic Observer China’s top economic planning agency has arranged to meet with several large domestic coal producers this morning at which the government will ask the companies to “appropriately” control price increases, citing a person familiar with the situation.

I believe that it is best to sell out of silver bullion, SLV, and buy gold bullion, GLD.

Keywords: Neoliberalism, Failure of seigniorage, Seigniorage, Exhaustion of Quantitative Easing, Quantitative Easing Exhaustion, Inflation Destruction, China Price Controls, State Corporatism, Chinese Economic Governance

YAO, HAO, CHIM, CHIX, CHIE, CQQQ, TAO, CAF, INDY, EEM, EEB, EWZ, RSX, TUR,
KOL, BB, JJA, CUT, USCI, DJP, JJC, FR, VT, ACWI, JNK, SLV, GLD, BWX, YZC, NLY, FCX, PSCE

Advertisements

%d bloggers like this: